Earnings Roundup: 11 Stocks Investors are Analyzing After Earnings

Earnings season is winding down in conjunction with 2011. Although the fire hose of earnings does not restart until January 11, these top companies are still making headlines with their most recent earnings announcements. Here’s the earnings news you must know now:

Jefferies Group Inc. (NYSE:JEF) posted a decrease in profit as revenue declined. Net income for Jefferies Group Inc. fell to $48.4 million (21 cents per share) vs. $62.7 million (31 cents per share) a year earlier. This is a decline of 23% from the year earlier quarter. Revenue fell 18.5% to $554 million from the year earlier quarter. JEF reported adjusted net income of 17 cents per share. By that measure, the company beat the mean estimate of 14 cents per share. It fell short of the average revenue estimate of $583.2 million.

“We are proud of our 3,851 employee-partners who successfully navigated an extremely challenging fourth quarter that included continuing global volatility compounded by a November filled with a barrage of misinformation about Jefferies. Our firm responded by reducing our total balance sheet by nearly one quarter, decreasing our leverage to 9.9x from 12.9x, maintaining the already high quality of our inventory, and delivering solid profitability,”commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies.

Competitors to Watch: Greenhill & Co., Inc. (NYSE:GHL), Piper Jaffray Companies (NYSE:PJC), Goldman Sachs Group, Inc. (NYSE:GS), JMP Group Inc. (NYSE:JMP), Morgan Stanley (NYSE:MS), Evercore Partners Inc. (NYSE:EVR), Bank of America (NYSE:BAC), J.P. Morgan (NYSE:JPM), Citigroup (NYSE:C) and KBW, Inc. (NYSE:KBW).

Paychex Inc. (NASDAQ:PAYX) reported its results for the second quarter. Net income for Paychex Inc. rose to $140.4 million (39 cents per share) vs. $133.9 million (37 cents per share) in the same quarter a year earlier. This marks a rise of 4.9% from the year earlier quarter. Revenue rose 7% to $535 million from the year earlier quarter. PAYX beat the mean analyst estimate of 38 cents per share. It fell short of the average revenue estimate of $551.7 million.

Martin Mucci, President and Chief Executive Officer, commented, “Paychex delivered solid results for the second quarter. We expanded our software-as-a-service (NASDAQ:SAAS) offerings with the introduction of our new single sign-on page for online users and an iPad application. Checks per client continued to improve for the second quarter, but, as anticipated, the 1.5% growth rate for the quarter was lower than the 2.0% experienced for the first quarter. This moderation is expected to continue through the remainder of the fiscal year. We have reiterated our guidance for the fiscal year as we continue to see a slow recovery in the economy with respect to sales from new business formations.”

Competitors to Watch: Automatic Data Processing (NASDAQ:ADP), Equifax Inc. (NYSE:EFX), and American Express (NYSE:AXP).

Navistar International Corporation (NYSE:NAV) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Navistar International Corporation rose to $255 million ($3.48 per share) vs. $44 million (61 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter. Revenue rose 28% to $4.32 billion from the year earlier quarter. NAV reported adjusted net income of $3.37 per share. By that measure, the company beat the mean estimate of $3.20 per share. It fell short of the average revenue estimate of $4.46 billion.

“We are pleased that we have finished the year strong and delivered solid fourth quarter results across all segments,” said Daniel C. Ustian, Navistar chairman, president and chief executive officer. “Not only did we deliver on 2011 commitments, we continued to invest in our strategy and set the foundation for a strong 2012.”

Competitors to Watch: PACCAR Inc (NASDAQ:PCAR), Ford Motor Company (NYSE:F), and Toyota Motor Corp. (NYSE:TM).

Nike Inc. (NYSE:NKE) reported its results for the second quarter. Net income for Nike Inc. rose to $469 million ($1 per share) vs. $457 million (94 cents per share) in the same quarter a year earlier. This marks a rise of 3% from the year earlier quarter. Revenue rose 18% to $5.7 billion from the year earlier quarter.

“Our strong second quarter results demonstrate that the NIKE, Inc. portfolio is a powerful engine for growth,” said Mark Parker, President and CEO, NIKE, Inc. “We’re able to accomplish this by staying focused on what we do best – deliver innovative products and experiences that serve athletes, inspire consumers and reward our shareholders. Going forward we’ll continue to use the unique power of our portfolio to drive growth, manage risk and connect with consumers.”

Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), Deckers Outdoor Corp. (NASDAQ:DECK), Skechers USA, Inc. (NYSE:SKX), K-Swiss Inc. (NASDAQ:KSWS), Steven Madden, Ltd. (NASDAQ:SHOO), and The Timberland Company (NYSE:TBL).

Walgreen (NYSE:WAG) reported its results for the first quarter. Net income for the drug store fell to $554 million (63 cents per share) vs. $580 million (62 cents per share) a year earlier. This is a decline of 4.5% from the year earlier quarter. Revenue rose 4.7% to $18.16 billion from the year earlier quarter. WAG fell short of the mean analyst estimate of 67 cents per share.

Walgreens President and CEO Greg Wasson said, “The first quarter was expected to be a very challenging one for gross profit dollar growth as we faced comparisons with strong gross profit performances in the first quarter of the two previous years. Despite that, we’re pleased with important aspects of our business including our record sales of $18.2 billion, the first-quarter record number of prescriptions filled, the continued profitable growth of our front-end business and delivering on our commitment to return cash to our shareholders.”

Competitors to Watch: drugstore.com, inc. (NASDAQ:DSCM), CVS Caremark Corporation (NYSE:CVS), Rite Aid Corporation (NYSE:RAD), and Medco Health Solutions Inc. (NYSE:MHS).

Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported net income above Wall Street’s expectations for the third quarter. Net income for the home furnishing store rose to $228.5 million (95 cents per share) vs. $188.6 million (74 cents per share) in the same quarter a year earlier. This marks a rise of 21.2% from the year earlier quarter. Revenue rose 6.8% to $2.34 billion from the year earlier quarter. BBBY beat the mean analyst estimate of 88 cents per share. Analysts were expecting revenue of $2.35 billion.

Competitors to Watch: Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Micron Technology Inc. (NASDAQ:MU) swung to a loss in the first quarter, missing analysts’ forecast. Reported a loss of $187 million (19 cents per diluted share) in the quarter. The semiconductor company had net income of $155 million or 15 cents per share in the year earlier quarter. Revenue fell 7.2% to $2.09 billion from the year earlier quarter. MU fell short of the mean analyst estimate of a loss of 6 cents per share. It fell short of the average revenue estimate of $2.17 billion.

Competitors to Watch: Intel Corporation (NASDAQ:INTC), SanDisk Corporation (NASDAQ:SNDK), and Integrated Device Tech., Inc. (NASDAQ:IDTI).

TIBCO Software Inc. (NASDAQ:TIBX) reported net income above Wall Street’s expectations for the fourth quarter. Net income for TIBCO Software Inc. rose to $51.9 million (30 cents per share) vs. $37.5 million (22 cents per share) in the same quarter a year earlier. This marks a rise of 38.4% from the year earlier quarter. Revenue rose 20% to $289.5 million from the year earlier quarter.

“TIBCO delivered another strong year of accelerating revenue growth and expanded profitability in 2011,” said Vivek Ranadiv, TIBCO’s chairman and chief executive officer. “As we turn to 2012, we will focus on expanding our sales coverage, extending our event-driven platform, and continuing to broaden the range of industries we serve. Our offerings and the demands of the 21st century enterprise have never been better aligned.”

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Progress Software Corp. (NASDAQ:PRGS), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), MicroStrategy Incorporated (NASDAQ:MSTR), SAP AG (NYSE:SAP), Microsoft Corporation (NASDAQ:MSFT), Red Hat, Inc. (NYSE:RHT), and Sybase, Inc. (SY).

CarMax Group (NYSE:KMX) reported its results for the third quarter. Net income for the auto dealership rose to $82.8 million (36 cents per share) vs. $82.4 million (36 cents per share) in the same quarter a year earlier. This marks a rise of 0.5% from the year earlier quarter. Revenue rose 6.7% to $2.26 billion from the year earlier quarter. KMX fell short of the mean analyst estimate of 38 cents per share. Analysts were expecting revenue of $2.25 billion.

“We are pleased to report another quarter of strong profits, despite a difficult sales comparison and the continued sluggish economy,” said Tom Folliard, president and chief executive officer. “We remain committed to investing in our long-term growth strategy. We now plan to open 10 stores in fiscal 2013 and are pleased to announce our plan to open between 10 and 15 stores per year during each of the following three fiscal years.”

Competitors to Watch: Copart, Inc. (NASDAQ:CPRT), America’s Car-Mart, Inc. (NASDAQ:CRMT), KAR Auction Services Inc (NYSE:KAR), AutoNation, Inc. (NYSE:AN), Penske Automotive Group, Inc. (NYSE:PAG), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), Group one Automotive, Inc. (NYSE:GPI), Sonic Automotive, Inc. (NYSE:SAH).

KB Home (NYSE:KBH) posted lower net income in the fourth quarter compared with a year-earlier period. Net income for KB Home fell to $13.9 million (18 cents per share) vs. $17.4 million (23 cents per share) a year earlier. This is a decline of 20.2% from the year earlier quarter. Revenue rose 6.4% to $479.9 million from the year earlier quarter. KBH beat the mean analyst estimate of 4 cents per share. It beat the average revenue estimate of $469.6 million.

“In the fourth quarter, we reported net profits, continued to increase our net orders, and built our backlog to the highest year-end level since 2008,” said Jeffrey Mezger, president and chief executive officer. “We believe these results demonstrate our success in adapting to current market realities and positioning our business for the future. We are pleased that amid weak and turbulent market conditions throughout 2011, we have posted improvements in our deliveries, revenues and selling, general and administrative expense ratio for three consecutive quarters, and generated operating income for two consecutive quarters. With our fourth quarter net orders up 38% from a year ago, and our year-end homes in backlog up 61%, we believe we are moving into 2012 well-positioned to achieve further improvement in our financial metrics.”

Competitors to Watch: PulteGroup, Inc. (NYSE:PHM), The Ryland Group, Inc. (NYSE:RYL), Lennar Corporation (NYSE:LEN), D.R. Horton, Inc. (NYSE:DHI), M.D.C. Holdings, Inc. (NYSE:MDC), Toll Brothers, Inc. (NYSE:TOL), Hovnanian Enterprises, Inc. (NYSE:HOV), NVR, Inc. (NYSE:NVR), Standard Pacific Corp. (NYSE:SPF), and California Coastal Communities, Inc. (CALCQ).

Actuant Corporation (NYSE:ATU) reported net income above Wall Street’s expectations for the first quarter. Net income for Actuant Corporation rose to $37.2 million (50 cents per share) vs. $25.9 million (35 cents per share) in the same quarter a year earlier. This marks a rise of 43.6% from the year earlier quarter. Revenue rose 23.4% to $392.8 million from the year earlier quarter. ATU beat the mean analyst estimate of 43 cents per share. It beat the average revenue estimate of $376.3 million.

Robert C. Arzbaecher, Chairman and CEO of Actuant commented, “Actuant delivered another strong quarter with sales, EPS and cash flow solidly above expectations. In particular, we were pleased with the first quarter’s double digit core sales growth in both the Industrial and Energy segments. Our execution was outstanding as we generated year-over-year EBITDA margin improvement in all four segments while continuing to invest in our Growth + Innovation initiatives. Finally, we completed the repurchase of nearly one million common shares, deploying approximately $20 million of the first quarter’s free cash flow on what we believe is an attractive investment. I want to thank our employees for their efforts in delivering a great start to the year.”

Competitors to Watch: Danaher Corporation (NYSE:DHR), Caterpillar (NYSE:CAT), and General Electric (NYSE:GE).

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